intergroove news

More turbulence in the industry as another distro stumbles.

German distributor Intergroove, which deals with more than 300 labels including Get Physical, Sushitech, Tsuba and Sex Tags Mania, has filed for bankruptcy.

Managing director Ralf Reichert said the Offenbach-based company would continue to distribute records and CDs as it worked to secure its future. “We will do everything we can to clean up the company of insolvency and continue Intergroove,” he said in a statement.

The news comes just a few days after one of its UK counterparts, ST Holdings, ceased trading following a drastic scaling down of its roster. [via RA]



Share Tweet